Twitter, Stripe, Coinbase, Salesforce, Zendesk, Tesla, Meta, and others have announced significant layoffs in recent months, even though unemployment rates are among the lowest in 50 years.
Facebook parent company Meta announced last week it would cut 13% of its staff or 11,000 workers, with Meta CEO Mark Zuckerberg saying he overestimated how long the pandemic’s e-commerce boom would last.
This week, Amazon announced it will cut 10,000 employees, a small fraction of Amazon's 1.5 million workers that includes tech as well as corporate staffers, according to The New York Times. The layoffs, the largest in the company's history, are expected to continue into next year.
And, of course, there's Twitter, where new CEO Elon Musk announced the company would slash almost half its 7,500 employees. (Third-party contractors responsible for monitoring Twitter comments for misinformation and hate, also reported being laid off.)
The list of companies trimming jobs this year includes online payments giant Stripe, which this month laid off roughly 14% of its staff, or about 1,100 employees; Microsoft, which said in October it had let go of less than 1 ..
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